Return to sender – Sam’s money, nobody wants it anymore. Those FTX signed greenbacks o Alameda Research, like plague victims, bring more problems than they solve. Everyone wants to get rid of it. And media groups like Semafor are no exception. decryption.
Until then, the young company had, in fact, indicated on December 2 that it had received an investment of the now defunct FTX platform. However, they did not specify what they intended to do with it. They are cautiously advancing discussions with their lawyers and government agencies about the follow-up to this cumbersome funding from Sam Bankman-Fried.
A sum of $10 million the same. Even more shocking, this 10 million was raised during a preliminary fundraiser (initial funding round in English) by $25 million in October 2022. In doing so, former FTX head Sam Bankman-Fried thus became by far the largest outside investor in the media. Providing 40% of the fundraising amount. What, in fact, to put another holder in your pocket.
And it is entirely possible that this maneuver would have been routine. Donations funded directly by the money that FTX clients deposited on the platform.
This January 18, 2022, we learn that Semafor will try to buy the share of FTX, 10 million dollars, through a new fundraiser.
“We plan to buy the shares that Sam Bankman-Fried had in Semafor. And put this money in a separate account pending instructions from the legal authorities on how to return this money. »
Justin Smith, co-founder of Semafor
A great waste of time, therefore, for a media that is launching like Semafor. One of the many consequences of the actions of a fraudster who has gradually lost touch with reality.
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FTX money, unprecedented contagion
This situation resembles in all respects the malaise that exists the American congress and its parliamentarians live at this moment. 200 of them (out of 535) admitted to having received, in one way or another, “generous donations” signed by Sam Bankman-Fried. A way for the FTX boss to get into his pocket not only the media, but also the MPs. And so is politics. Also a way to make sure people don’t dig into his business too deeply. To continue his questionable maneuvers without being annoyed.
This money will also probably have to be returned. It will be added to 5 billion dollars which the liquidators have already managed to get their hands on.
Like a cancer, FTX’s money has therefore invaded all organs that have influence on public opinion, from the media to politicians. It is, finally, a great possibility that this gigantic spider has been exposed to daylight now. Who knows what it would have become after a few more years of weaving its poisonous strands at the heart of the cryptocurrency industry and our company.
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